BAE Systems plc (LON:BA) Receives GBX 2,275 Consensus PT from Brokerages

Shares of BAE Systems plc (LON:BA) have been given a consensus recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 2,275.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an “overweight” rating in a report on Friday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,200 price objective on shares of BAE Systems in a report on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,100 price objective on shares of BAE Systems in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a research note on Monday, August 10th.

Insider Buying and Selling

In other news, insider John Pettigrew bought 7,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of GBX 2,228 per share, with a total value of £155,960. Also, insider Brad Greve bought 2,760 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of GBX 1,909 per share, for a total transaction of £52,688.40. Insiders acquired 9,790 shares of company stock valued at $20,921,250 in the last three months. Insiders own 0.14% of the company’s stock.

BAE Systems Price Performance

Shares of BA opened at GBX 2,092 on Friday. The firm has a market cap of £64.77 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. BAE Systems has a 52-week low of GBX 1,012.50 and a 52-week high of GBX 1,415.25. The business’s 50 day moving average price is GBX 2,004.72 and its two-hundred day moving average price is GBX 2,055.87. The company has a debt-to-equity ratio of 73.96, a quick ratio of 0.91 and a current ratio of 1.02.

BAE Systems (LON:BA) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 38.90 EPS for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. On average, equities analysts anticipate that BAE Systems will post 73.537927 EPS for the current year.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.